You are, as usual, missing the point.
Cheers.
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Is China actually bankrupt?
- Thread starter bearice
- Start date
You are, as usual, missing the point.
Cheers.
Quote from Anaconda:
Guys, just ignore asiaprop, he is a waste of time. It really makes reading the threads a lot better once you put him on the ignore list.
asiaprop does seem a bit of a dick, or at the very least, very defensive about China's miracle economy.
I think I'll take your advice.
What you are failing to realize is that China's economic power comes from production, not design. As China's production industry becomes more mature and adopts things like environmental regulations, labor laws, etc. their costs are going to increase causing the value they passed along to foreign companies to evaporate. The clock on China is ticking and time is running out on the value advantage they provide.
Quote from asiaprop:
buddy, did you notice nobody here talks about where the design is coming from, this is all about manufacturing power. Why otherwise do you think China runs a trade surplus against the rest of the world. If you have a problem with that why wont you write a letter to your representative and ask him to bring the jobs back to your country ;-) This is a discussion about China's economic power not about a design study. If you have problems keeping those apart then maybe you should retreat from the discussion.
And the trade surplus can be attributed to the USD RMB peg only to a very small degree.
I think you should accept business is not a beauty contest. Do you think the national government is not aware of the environmental damage many of those factories pose? Of course they do but right now they try to raise economic living standards. Why is that extremely hard to understand for you?
i fully agree with all your points below and never questioned them except that time is running out. The century has just begun, and this is China's centuries whether you like it or not. I am not Chinese, not Asian, yet I do not comprehend how someone cannot see this.
Quote from krazykarl:
What you are failing to realize is that China's economic power comes from production, not design. As China's production industry becomes more mature and adopts things like environmental regulations, labor laws, etc. their costs are going to increase causing the value they passed along to foreign companies to evaporate. The clock on China is ticking and time is running out on the value advantage they provide.
Quote from asiaprop:
i fully agree with all your points below and never questioned them except that time is running out. The century has just begun, and this is China's centuries whether you like it or not. I am not Chinese, not Asian, yet I do not comprehend how someone cannot see this.
It's not that I don't -see- something: it's that I've heard this song before and know how it ends.